CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. “We We now are paying much more attention to it,” he says.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

CIO Business Intelligence

DECEMBER 27, 2023

Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. AI in a box CIOs are under pressure to deliver productivity improvements and reduce costs in financial services. As a result, many CEOs have high expectations of AI and its ability to transform their businesses.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. Cloud-related services’ cost has risen by between 5% and 7% this year compared to last, IDC says.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

OCTOBER 3, 2024

CIOs of many of the largest banks, financial firms, and insurance giants will likely continue to rely on big iron for the foreseeable future — especially if additional AI capabilities on the mainframe reduce their inclination to re-platform on the cloud. billion in 2015 to less than $6.5 platform running on the cloud makes sense for Ally.”

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

JUNE 22, 2022

AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. The company, which has more than 8,500 employees, plans to continue growing by acquisition, and consolidating the global insurance market.

IT 105

IT Insurance Cost-Benefit Risk Management 105

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

Smart Data Collective

FEBRUARY 2, 2021

For businesses, the advent of Big Data offers several key benefits, including helping them with customer acquisition, lead generation, targeted marketing campaigns, identifying potential opportunities and challenges , and creating new products based on the needs of the market. Healthcare. Public services.

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

John Wheeler

OCTOBER 21, 2019

A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. These plans help inform the decision to purchase cyber insurance and determine the amount of coverage needed.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 These data breaches can cost their victims in many ways. Data risk management To protect their data, organizations first need to know their risks.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

CIO Business Intelligence

APRIL 22, 2022

From hardware and software upgrades to ongoing security patches, to application development and the rollout of software itself, project managers keep your teams on task and productive. It’s designed for those who aspire to have a career in project management and doesn’t require prior experience in the field.

Management 111

Management Cost-Benefit Testing Risk 111

IBM Big Data Hub

JANUARY 16, 2024

What generative AI has done is open a new world of innovations that can help personalize financial planning and investment management. One example of this is in insurance. Learn more about hybrid cloud for financial services Trend: Cybersecurity risk management AI brings about more challenges, especially when it comes to cyber risks.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Project management and operations : Generative AI tools can support project managers with automation within their platforms.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

Anmut

MARCH 2, 2020

Take insurance – where risk premiums can be adjusted based on customer insights. Think about black boxes on cars – data on driver performance and behaviour is streamed back to the insurance provider who can modify premiums based on the insights derived. Fuel consumption is one of the largest controllable costs on a quarry.

Insurance 52

Insurance Risk Management Risk Cost-Benefit 52

BizAcuity

JULY 26, 2021

Reduced costs . Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure. Hardware costs. Lack of visibility.

IT 52

IT Cost-Benefit Data Processing Risk 52

CIO Business Intelligence

FEBRUARY 3, 2023

The Queen’s death brings e-commerce innovation Hobbs joined The Royal Mint in January 2020, bringing 20 years of experience from financial services, where he worked for Barclays Bank, Barclaycard, Lloyds Banking Group and Admiral Insurance. How do they benefit you? How do they benefit the business?

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

JULY 24, 2024

For example, a large insurance company used the cost of health care as the basis of an algorithm to evaluate severity. “It Blue Cross Blue Shield Michigan, for example, has some high-risk AI use cases involving cybersecurity, contract analysis, and answering questions about member benefits.

Risk 130

Risk Insurance Modeling Manufacturing 130

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. But that was for tasks that the AI was good at.

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

AUGUST 7, 2024

Now fully deployed, TCS is seeing the benefits. The framework “has revolutionized enterprise API development,” says CIO Milind Wagle, who cites several transformative benefits, including improved speed to market and a two- to threefold improvement in developer productivity when building APIs within industry and Equinix standards.

IT 119

IT Insurance Cost-Benefit Testing 119

AWS Big Data

AUGUST 14, 2023

By leaning into these teams and showing value through them first, then using them as evangelists, organizations can gain maturity while benefitting earlier from the advantages of data mesh strategies. Even in seemingly low-maturity organizations, there are often teams who are more mature and have a higher appetite to engage.

Management 98

Management Risk Measurement Optimization 98

CIO Business Intelligence

MARCH 27, 2023

Eighty-four percent of respondents were immersed in basic functional tasks such as security management (47%), improving IT operations and systems performance (40%), and cost control and expense management (28%). At The Hartford Insurance Co., Deepa Soni, CIO, The Hartford Insurance Co. The Hartford Insurance Co.

Strategy 109

Strategy Digital Transformation Insurance Technology 109

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Value Management or monetization. Risk Management (most likely within context of governance).

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Alation

MARCH 24, 2022

It is critical that firms view data security as part of governance, risk management, and compliance (GRC). Risk prevention and mitigation for both data privacy and security offer several business benefits. More broadly, you must have controls in place to protect sensitive data from malicious attacks and data exploitation.

Data Governance 52

Data Governance Risk Data-driven Measurement 52

CIO Business Intelligence

FEBRUARY 13, 2025

Regulatory frameworks like the EU AI Act and NIST AI Risk Management Framework are shaping expectations around responsible AI deployment. Challenges Despite its benefits, AI adoption introduces a range of challenges that require initiative-taking risk management: Cybersecurity threats. Adversarial attacks.

Risk 116

Risk Data-driven Finance Risk Management 116

CIO Business Intelligence

NOVEMBER 19, 2024

“Ensuring you have a deep understanding of your partners’ business, taking extreme ownership of challenges, and being vulnerable are all tenants of building tight partnerships,” observes Andrew Palmer, CIO for global retail markets at Liberty Mutual Insurance. Failing to align IT and business interests gradually erodes hard-earned trust. “It

IT 142

IT Strategy Business Objectives Consulting 142

Jet Global

APRIL 5, 2021

Risk management. It is typically used to predict future revenues, expenses, and capital costs. A cost-saving initiative within a company. This is achieved through thorough risk management strategies that are continually reviewed. Raising capital in the form of debt or equity. Prioritizing projects.

Modeling 98

Modeling Forecasting Metrics Finance 98

Jet Global

MARCH 2, 2022

The SFDR aims to give more transparency about sustainability and provide a common set of rules on sustainability risks. In terms of the regulation, asset management, pension funds, and insurers must disclose how they take ESG issues into account in their investment decisions.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

Jet Global

JUNE 21, 2021

Learn why tax is playing an important part in enterprise risk management. The cost of World War I and post-war reconstruction helped create modern corporate taxation. Read how to elevate tax to a strategic function. Climate change is also driving urgent needs to encourage different corporate behavior.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98